On the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Abu Dhabi National Oil Company (ADNOC) and Siemens Energy AG announced plans to pilot blockchain technology to certify the carbon intensity of a range of products
The pilot will utilise smart sensor data gathered from ADNOC’s operational chain to show how much CO2 was used to make products such as Murban crude, ammonia and aviation fuel. This information will be automatically recorded onto a decentralised blockchain ledger and will allow independent regulators to certify the carbon intensity of products.
Abdulmunim Saif Al Kindy, executive director, people, technology & corporate support directorate at ADNOC, commented, “People typically associate blockchain technology with crypto currencies, but the use of decentralised ledgers has significant implications for the energy industry. This pilot promises to shine a digital spotlight into our manufacturing processes. It will show the world why energy supplied by ADNOC is among the least carbon intensive in the oil and gas industry.”
The low-carbon energy certificate initiative forms part of a broader memorandum of understanding between ADNOC and Siemens Energy. Under the agreement, specialists from both companies will co-create technologies to accelerate decarbonisation and the transition to clean energy.
Dr. Fahad Al Yafei, chief technology officer, Siemens Energy Middle East, remarked, “By leveraging our unique knowledge and expertise of certificates of sustainability, Siemens Energy will work with ADNOC to develop solutions for the benefit of the energy industry. Investing in innovation and the co-creation of technologies are vital tools for reducing emissions and meeting Net Zero targets.”
Collaboration between ADNOC and the Siemens Energy Innovation Center will commence by the end of Q4 2022.